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  1. Home
  2. Oracle Certification
  3. 1z0-1054-22 Exam
  4. Oracle.1z0-1054-22.v2023-10-17.q88 Dumps
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Question 16

On which three occasions are Essbase balances updated? (Choose three.)

Correct Answer: B,C,D
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Question 17

You need to create a boardroom ready month-end reporting package for an upcoming Audit Committee meeting. You have 10 Financial Reports that you want to share with executives and auditors that are nicely formatted.
What are the two Oracle recommended ways to accomplish this? (Choose two.)

Correct Answer: C,E
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Question 18

Your company has complex consolidation requirements with multiple general ledger instances. You are using Oracle Hyperion Financial Management to consolidate the disparate General Ledgers. You can typically map segments between your general ledger segment to a Hyperion Financial Management segment, such as Company to Entity, Department to Department, and Account to Account. What happens to segments in your source general ledger, such as Program, that cannot be mapped to Hyperion Financial Management?

Correct Answer: A
When you have segments in your source general ledger, such as Program, that cannot be mapped to Hyperion Financial Management, data is summarized across those segments. For example, if you have a Program segment with values A, B, and C in your source general ledger, but no corresponding segment in Hyperion Financial Management, the data for those values will be aggregated and mapped to a default member in Hyperion Financial Management. The unmapped segments do not default to future use segments in Hyperion Financial Management, as these segments are reserved for future expansion. No data is transferred is not a correct statement, as data is transferred but summarized across unmapped segments. Errors do not occur for unmapped segments, as data is transferred but summarized across unmapped segments. You cannot map multiple segments from source general ledgers to the target segment in Hyperion Financial Management, as this is not a supported option. Reference: Oracle Financials Cloud: General Ledger 2022 Implementation Professional Objectives - Consolidate Balances 12
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Question 19

You want to monitor the close process of all your financial subledgers and ledgers. How can you quickly obtain this information?

Correct Answer: D
"Close Monitor provides a centralized place to monitor and manage your close process across subledgers and ledgers. You can view the status of each subledger and ledger period, drill down to subledger details, and take action on open periods." Therefore, this is the best way to quickly obtain information about the close process of all your financial subledgers and ledgers.
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Question 20

You defined a tree or hierarchy, but you are unable to set its status to Active. What is the reason?

Correct Answer: B
https://docs.oracle.com/cd/E51367_01/financialsop_gs/OAACT/F1005378AN156C9.htm The reason why you are unable to set a tree or hierarchy status to Active is that an Audit process needs to be successfully performed before a tree version can be set to Active. The Audit process validates the tree structure and checks for errors or inconsistencies. If the Audit process fails, you need to correct the errors and run the Audit process again until it succeeds. Then you can set the tree version status to Active. The number of tree versions does not affect the ability to set a tree status to Active, as long as there is at least one tree version defined. Accounting Configuration does not need to be submitted before setting a tree status to Active, as this is a separate task that involves submitting all accounting configuration changes for deployment. Chart of accounts does not need to be deployed before setting a tree status to Active, as this is a separate task that involves deploying flexfield metadata changes for validation and activation. Reference: Oracle Financials Cloud: General Ledger 2022 Implementation Professional Objectives - Define Chart of Accounts 12
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